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Join Telegram ChannelIn a surprising turn of events, a trader turned a $66 investment into over $3 million, all thanks to Elon Musk. The story begins when Musk changed the name of his profile on social media platform X (formerly Twitter) to “Kekius Maximus,” sparking a frenzy around the meme coin of the same name.
According to CoinTelegraphon December 14, traders bought 10.17 million KEKIUS cryptocurrency tokens for just $66. On January 1, they sold 2.81 million tokens for 60.3 Ethereum, and kept the rest. Data from Lookonchain reveals that this transaction multiplied their initial investment by 45,900 times.
3 Million Windfall for Traders Thanks to Elon Musk
The Kekius Maximus token takes inspiration from a combination of the popular Pepe meme and the Maximus character Decimus Meridius, the film's protagonist Slave. Created on December 13, the token's market cap jumped to $11.4 million on December 31 and reached a peak of $380 million on January 1.
This rapid rise was triggered by Elon Musk sharing an image resembling a token in X. One of his posts has been viewed more than 48.2 million times, significantly increasing the value of the token. However, after Musk restored his profile name and image, KEKIUS' price began to decline, with its market capitalization dropping to $100.5 million. Despite this, data from CoinGecko shows that more than 23,600 investors continue to hold the token.
In parallel developments, several meme coins related to Kekius Maximus were launched on the Solana blockchain. Despite its connection to the viral phenomenon, data from DEXScreener shows that this token failed to attract the interest of traders effectively.
The story of Kekius Maximus is a testament to the unpredictable power of social media and the influence of figures like Elon Musk in the volatile world of cryptocurrency.